Daily Technical Report

May 15, 2013

Sensex (19722) / NIFTY (5995)

Yesterday, our benchmark indices opened marginally higher in-line with quiet global cues. During the first half, indices bounced more than half a percent but eventually gave away a major part of the gains to close marginally in the positive territory. For the day Healthcare and Teck counters ended on the gaining side whereas Consumer Durables and Realty sectors ended in the red. The advance to decline ratio was marginally D=1194) in favor of declining counters. (A=1140 (Sourcewww.bseindia.com)

Exhibit 1: Nifty Daily Chart

Formation
The 20-week EMA and the 20-day EMA are placed at 19236/ 5832 and 19522/ 5931 levels, respectively. The 89-day EMA and the 200-day SMA are placed at 19212/ 5829 and 18846 / 5719, respectively. The daily RSI and RSI Smoothened momentum oscillators have given a negative crossover.
Source: Falcon:

Trading strategy:
Monday's sharp fall was followed by a narrow trading session as indices oscillated in a range. Despite positive inflation numbers, markets were reluctant to stay bullish. Indices precisely faced resistance near the hourly '20 EMA'. Hence, going forward, yesterday's high of 19832 / 6026 would act as immediate resistance level. Any move beyond this level may push indices higher to test 19964 / 6060. Nevertheless, the daily 'RSI-Smoothened' is still negatively poised. Hence, a sustainable move below 19652 / 5970 (also coincides with hourly '89 EMA') may trigger strong pessimism in the market. In this scenario, indices may slide towards the next support level of 19542 19450 / 5928 5900.

Actionable points:
View Expected targets Resistance Levels Sell below 5970 5928 - 5900 6030 - 6060

www.angelbroking.com

Daily Technical Report

May 15, 2013

Bank Nifty Outlook - (12584)

Yesterday, Bank Nifty too opened on a flat note in line with our benchmark indices and traded with extreme volatility throughout the session to close near the initial opening level. The bulls successfully defended the mentioned support level of 12514. Since there is no major change in the chart structure we reiterate our view that any correction in the index is likely only if it sustains below 12514. In this scenario the index is likely to drift lower towards 12447 12378 levels. On the upside 12700 12865 levels are likely to act as resistance for the day. Actionable points:

Exhibit 2: Bank Nifty Daily Chart

View Expected Targets Resistance Levels

Bearish Below 12514 12447 12378 12700 - 12865 Source: Falcon:

www.angelbroking.com

Daily Technical Report

May 15, 2013

Daily Pivot Levels for Nifty 50 Stocks

SCRIPS SENSEX NIFTY BANKNIFTY ACC AMBUJACEM ASIANPAINT AXISBANK BAJAJ-AUTO BANKBARODA BHARTIARTL BHEL BPCL CAIRN CIPLA COALINDIA DLF DRREDDY GAIL GRASIM HCLTECH HDFC HDFCBANK HEROMOTOCO HINDALCO HINDUNILVR ICICIBANK IDFC INDUSINDBK INFY ITC JINDALSTEL JPASSOCIAT KOTAKBANK LT LUPIN M&M MARUTI NMDC NTPC ONGC PNB POWERGRID RANBAXY RELIANCE RELINFRA SBIN SESAGOA SUNPHARMA TATAMOTORS TATAPOWER TATASTEEL TCS ULTRACEMCO S2 19,556 5,941 12,417 1,182 182 4,664 1,435 1,749 676 309 186 404 292 389 290 223 1,953 327 2,983 720 849 680 1,644 101 580 1,127 147 482 2,319 329 297 71 716 1,490 739 938 1,679 122 152 319 748 111 408 788 369 2,240 157 927 291 91 292 1,431 1,949 S1 19,639 5,968 12,500 1,193 184 4,707 1,451 1,768 690 313 187 407 294 394 292 227 1,991 332 3,000 733 860 684 1,659 103 582 1,137 149 486 2,335 333 301 72 723 1,506 745 944 1,692 125 153 323 757 113 432 793 379 2,267 159 945 296 93 298 1,444 1,961 PIVOT 19,736 5,997 12,599 1,207 185 4,746 1,462 1,796 698 316 189 411 298 397 297 232 2,055 337 3,023 749 866 690 1,676 105 583 1,152 151 491 2,353 336 305 73 728 1,518 756 953 1,704 127 154 326 765 114 445 801 388 2,293 160 957 300 94 302 1,457 1,971 R1 19,818 6,024 12,683 1,218 188 4,788 1,478 1,815 712 320 191 414 300 402 299 236 2,093 342 3,040 761 877 694 1,691 108 585 1,162 153 496 2,368 339 309 74 735 1,533 762 960 1,716 129 155 330 774 116 469 806 398 2,319 162 975 304 95 308 1,471 1,983 R2 19,915 6,053 12,782 1,232 189 4,827 1,488 1,843 721 323 193 418 304 405 304 241 2,157 346 3,062 777 884 699 1,708 110 587 1,177 155 501 2,386 343 312 75 739 1,545 773 969 1,728 131 156 333 782 117 482 814 407 2,345 164 987 308 96 313 1,484 1,992

www.angelbroking.com

Daily Technical Report

May 15, 2013
Research Team Tel: 022 - 30940000 E-mail: advisory@angelbroking.com Website: www.angelbroking.com

DISCLAIMER
This document is solely for the personal information of the recipient, and must not be singularly used as the basis of any investment decision. Nothing in this document should be construed as investment or financial advice. Each recipient of this document should make such investigations as they deem necessary to arrive at an independent evaluation of an investment in the securities of the companies referred to in this document (including the merits and risks involved), and should consult their own advisors to determine the merits and risks of such an investment. Angel Broking Limited, its affiliates, directors, its proprietary trading and investment businesses may, from time to time, make investment decisions that are inconsistent with or contradictory to the recommendations expressed herein. The views contained in this document are those of the analyst, and the company may or may not subscribe to all the views expressed within. Reports based on technical and derivative analysis center on studying charts of a stock's price movement, outstanding positions and trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's fundamentals. The information in this document has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true, but we do not represent that it is accurate or complete and it should not be relied on as such, as this document is for general guidance only. Angel Broking Limited or any of its affiliates/ group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Angel Broking Limited has not independently verified all the information contained within this document. Accordingly, we cannot testify, nor make any representation or warranty, express or implied, to the accuracy, contents or data contained within this document. While Angel Broking Limited endeavors to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. This document is being supplied to you solely for your information, and its contents, information or data may not be reproduced, redistributed or passed on, directly or indirectly. Angel Broking Limited and its affiliates may seek to provide or have engaged in providing corporate finance, investment banking or other advisory services in a merger or specific transaction to the companies referred to in this report, as on the date of this report or in the past. Neither Angel Broking Limited, nor its directors, employees or affiliates shall be liable for any loss or damage that may arise from or in connection with the use of this information. Note: Please refer to the important `Stock Holding Disclosure' report on the Angel website (Research Section). Also, please refer to the latest update on respective stocks for the disclosure status in respect of those stocks. Angel Broking Limited and its affiliates may have investment positions in the stocks recommended in this report.

Research Team
Shardul Kulkarni Sameet Chavan Sacchitanand Uttekar Ankur Lakhotia Head Technicals Technical Analyst Technical Analyst Technical Analyst

For any Queries, Suggestions and Feedback kindly mail to sameet.chavan@angelbroking.com

Angel Broking Pvt. Ltd.

Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093. Corporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 30940000

Sebi Registration No: INB 010996539

www.angelbroking.com